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OUT OF MIND » THE INSANITY OF REALITY » GLOBAL FINANCIAL COLLAPSE » The Shift Begins: Deutsche Bank Fires Hundreds of US Bankers, Nasdaq to Open Crypto Market

The Shift Begins: Deutsche Bank Fires Hundreds of US Bankers, Nasdaq to Open Crypto Market

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PurpleSkyz

PurpleSkyz
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The Shift Begins: Deutsche Bank Fires Hundreds of US Bankers, Nasdaq to Open Crypto Market Beware_of_falling_bankers_01


https://youtu.be/P77X2xX5K8U

The Shift Begins: Deutsche Bank Fires Hundreds of US Bankers, Nasdaq to Open Crypto Market AJLlDp11bjrbP34MZPW7tzGu1JIrPs5HfvciSEqbXg=s88-mo-c-c0xffffffff-rj-k-no
DAHBOO777
Published on Apr 26, 2018


As part of its latest disastrous earnings, which saw trading revenues tumble by 17% as new CEO Christian Sewing took over, we reported that Deutsche Bank announced a sweeping restructuring plan, abandoning its long-running ambitions to be a top global securities firm, scaling back U.S. rates sales and trading, reducing the corporate finance business in the U.S. and Asia, and reviewing its global equities business with a view toward cutting it back, the bank said in a statement. The measures will lead to a “significant reduction” in the 97,130-person workforce this year, Deutsche Bank said. We translated it more simply: massive layoffs. Predictably, the German bank wasted no time, and according to Reuters and Bloomberg, the purge began overnight when Deutsche fired 300 U.S.-based investment bankers on Wednesday with another 100 pink slips expected over the next 24 hours. Learn More: https://www.zerohedge.com/news/2018-0...



  

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